REQUIREMENT OF PAN NUMBER FOR THOSE EARNING LESS THAN RS 50000 P A

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....EQUIREMENT OF PAN NUMBER FOR THOSE EARNING LESS THAN RS 50000 P A<br> Query (Issue) Started By: - Chandrakant D Gandhi Dated:- 13-9-2012 Last Reply Date:- 13-9-2012 Income Tax<br>Got 1 Reply<br>Incom....

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....e Tax<br>My maid has some deposits in the bank, Her annual income including interest on deposits and salary is less than Rs 50000 per annum. Bank is asking for PAN Numner. However I understand that I ....

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....T department has issued a notificaiton that those having annjualm income of Rs 50000 or less do not need a PAN number. Please inform what is the correct situation. Reply By CA GOPALJI AGRAWAL: The R....

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....eply: If the interest income is 10000/- or more, then she would have to furnish PAN otherwise the bank would deduct TDS @ 20% on interest. You may refer section 206AA of the Income Tax Act.<br> Discu....

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